I have a group of about 25 clients that have 457’s that have the Schwab PCRA option. I’m looking at it for them as their 457 fees are about 1.5%. PCRA annual fee is $50 plus say .1-.15% expense ratio. Does anyone know the process if I can be added on as the advisor and also if you’re allowed to charge fees? I’m at IBD if that matters.
Looking at buying my first laundromat. Current revenue at 125k and expenses are 75k. Owner profit is 50k. There’s no marketing or online presence. Building is remodeled looks decent. About 1/2 the washers and dryers are newer. Seller is asking 200k. To make it a good deal I’d need to get more customers and get revenue up to closer to 200k would be my goal. Is it possible I’m not sure. What advice would you give me before I make an offer?